Competition in Montenegro’s financial-services sector is expanding through the entry of a new non-life insurer and wider digital access to banking services offered by CKB. Veder…
Browsing: insurance
Montenegro’s insurance sector recorded a 38.7% decline in its core operating result during the first half of 2026, despite higher operating revenue, as expenses increased at…
Only around 10%-15% of property in Montenegro is insured, leaving households, businesses and the state exposed to increasing financial losses from wildfires, floods and other climate-related…
Montenegro is advancing reforms to strengthen supervision of financial groups spanning banking, insurance and investment services, as it works toward completing EU alignment under Chapter 9…
Montenegro’s government has approved draft amendments to the Law on Financial Conglomerates, seeking to align supervision of cross-sector financial groups with EU Directive 2002/87/EC. The amendments…
Montenegro’s government has approved amendments to the Law on Financial Conglomerates, advancing regulatory changes aimed at bringing financial-sector supervision closer to European Union requirements. The proposed…
Vienna Insurance Group (VIG) has entered Montenegro’s non-life insurance market with the launch of Wiener Städtische Osiguranje Podgorica a.d. – Vienna Insurance Group. The new insurer…
Montenegro’s insurance industry remains a relatively small component of the financial system, but gross written premiums continued to increase in early 2026 as the value of…
Montenegro has adopted a new legal framework for electronic identification and trust services, establishing the basis for digital identity wallets, qualified electronic signatures and cross-border electronic…
The insurance and financial services sector in Montenegro is on the verge of significant growth, driven by the country’s ongoing integration into the European Union. This…
